Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
FireEye Inc (NASDAQ: FEYE) shares are trading lower by $7.05 at $22.07 in Thursday's session. The catalyst for the move to a new all-time low is a wider-than-expected Q3 loss of $0.08 on slightly lower revenues. The thrashing from the after-hours and pre-market sessions has continued into the regular session.
After $5 lower open, it briefly rallied to $24.09 before another wave of sellers flooded the issue. So far, it has reached $21.88 and is not far off that level.
It should be noted the rout is taking place on much heavier than average volume. At this tine, over 23 million shares have traded compared to its 20-day average of six million with over four hours remaining.
See Also: FireEye Has 'Darker Days' Ahead, Dan Ives Warns
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
Do you like this article? Do you have suggestions for improvement? Please email feedback@benzinga.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!